B2Gold (TSE:BTO) Shares Down 3.3%

B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares fell 3.3% during mid-day trading on Thursday . The stock traded as low as C$4.44 and last traded at C$4.44. 612,374 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 3,358,503 shares. The stock had previously closed at C$4.59.

Several brokerages have issued reports on BTO. National Bank Financial dropped their price target on B2Gold to C$8.00 and set an “outperform” rating on the stock in a research note on Friday, September 10th. JPMorgan Chase & Co. decreased their price objective on B2Gold from C$8.00 to C$7.00 and set a “na” rating for the company in a report on Tuesday, July 13th. Finally, National Bankshares decreased their price objective on B2Gold from C$9.00 to C$8.00 and set an “outperform” rating for the company in a report on Friday, September 10th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, B2Gold currently has an average rating of “Buy” and a consensus price target of C$8.98.

The company has a fifty day moving average of C$4.86 and a 200-day moving average of C$5.49. The firm has a market cap of C$4.59 billion and a P/E ratio of 6.21. The company has a debt-to-equity ratio of 3.42, a current ratio of 4.29 and a quick ratio of 2.48.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings results on Wednesday, August 4th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.09 by C($0.04). The company had revenue of C$446.00 million during the quarter, compared to analyst estimates of C$457.62 million. On average, sell-side analysts expect that B2Gold Corp. will post 0.48 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 29th. Shareholders of record on Wednesday, September 29th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, September 21st. This represents a $0.16 dividend on an annualized basis and a yield of 3.68%. B2Gold’s dividend payout ratio (DPR) is presently 22.82%.

In other B2Gold news, Director Clive Thomas Johnson sold 100,000 shares of the company’s stock in a transaction on Tuesday, August 17th. The stock was sold at an average price of C$4.86, for a total value of C$486,000.00. Following the completion of the transaction, the director now owns 3,632,602 shares in the company, valued at approximately C$17,654,445.72. Also, Senior Officer Roger Richer sold 30,000 shares of the company’s stock in a transaction on Thursday, August 12th. The shares were sold at an average price of C$4.82, for a total value of C$144,600.00. Following the transaction, the insider now directly owns 403,741 shares in the company, valued at approximately C$1,946,031.62. Insiders sold a total of 135,082 shares of company stock valued at $654,333 in the last 90 days.

About B2Gold (TSE:BTO)

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 81% interest in the Kiaka Project in Burkina Faso. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Burkina Faso, Namibia, Uzbekistan, and Finland.

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